Duluth Metals and Magnetation make the news

Here’s a couple developments in Iron Range mining projects. Unless something blows up this is my last newsy post for a while. Holiday features and good times on the way.

  • Duluth Metals has acquired Franconia Minerals, consolidating two proposed nonferrous underground copper mining initiatives. This will simplify permitting and capitalization. We spent plenty of time discussing another company, PolyMet, and their proposed nonferrous mining operation last week.
  • And Magnetation has inked a contract to sell its salvaged concentrate from old iron ore dumps in Itasca County to a Mexican steelmaker. NAFTA, you are a strange mistress.

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